Ayala Land Inc. said it is not in a hurry to raise funds from the capital market, citing current uncertainties. The property developer still plans to tap the market this year to refinance around P20 billion in maturing debts, but will time any issuance according to its refinancing schedule, CFO Jose Eduardo Quimpo II said.
The company remains committed to its sustainability-linked financing program, having raised about $1 billion through such deals since 2024. Quimpo said these programs provide tangible benefits, meet investor demand, and have become an integral part of the company’s business approach.
President and CEO Anna Ma. Margarita Dy expressed a generally positive outlook for the year but offered no further details.
Ayala Land will also continue exploring opportunities to expand its land bank, focusing on prime locations with limited supply. Quimpo said the company may be interested in two of three major government real estate assets up for sale: a 24-hectare portion of the Food Terminal Complex (valued at P40 billion) and the Atrium near Paseo de Roxas and Makati Avenue (P449 million).
The company already owns extensive land holdings and is concentrating on developing its existing projects, including the Arca South estate in FTI, which features residential, office, and retail spaces, a hospital, and a mall opening on February 13. The Atrium is attractive due to its proximity to Ayala Triangle, while the Mile Long complex is less appealing as it lies outside the central business district.
